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Where can I learn more about Price Action like those in James16 charts? 9 replies

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james16 Chart Thread

  • #121,441
  • Dec 5, 2012 4:56am Dec 5, 2012 4:56am
Once more into the breach.
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  • #121,442
  • Dec 5, 2012 4:57am Dec 5, 2012 4:57am
Quoting bullzeye
Hey Pin,

good idea behind your trade...but i don't like H1 frames to show us a possible reversal, more i like the PA action on H4, i think it shows us the direction ...
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Great synchronicity there B.
Just saw your post after posting the one above this.
  • #121,443
  • Dec 5, 2012 5:04am Dec 5, 2012 5:04am
Quoting Pinbar
Great synchronicity there B.
Just saw your post after posting the one above this.
  • #121,444
  • Dec 5, 2012 5:12am Dec 5, 2012 5:12am
Quoting bullzeye
I scalped EU but do not like the 365 on the FTB, closed it out.
  • #121,445
  • Dec 5, 2012 5:15am Dec 5, 2012 5:15am
Yep EURGBP I saw 2 stacked levels (in blue). I was willing to add higher but it looks like the lower level seems to have got the job done.
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  • #121,446
  • Dec 5, 2012 5:18am Dec 5, 2012 5:18am
Here's USD JPY, still short from the daily but took a bounce, looks like rolling over again.
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  • #121,447
  • Edited 5:47am Dec 5, 2012 5:32am | Edited 5:47am
EUR/GBP target is a little vague.
The lower weekly SH seems a little too optimistic.

What do you guys think?
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  • #121,448
  • Dec 5, 2012 5:38am Dec 5, 2012 5:38am
Quoting mbqb11
Hey Yabo

Careful with a DBHLC we want the close of the bar to be UNDER the previous bars LOW. You are correct about your other analysis though which is great

Best
Mike
Thanks mike, i did not know that, very helpful info.

Kenny
  • #121,449
  • Dec 5, 2012 5:54am Dec 5, 2012 5:54am
Quoting oathbreaker
Hello Wiston Reed

I just follow the trend.As EUR/USD was up from last month my bias will be up till next month.

Look at weekly and monthly candles there are more bold candles(less wicks and long bodies) than other type of candles.This means that once trend is formed in any week or month it will follow through out that week or month.Think about this.

I just place some trades which are low risk.If they survive i will add some more positions.I will consider my loss only at the end of the month.

Thanks for your interest.
"Trend trading is about...
HI Oathbracker is there a chance you can share some more light on your system of trend trading. My rules are different but I also like to ride the trend using support and resistance on daily setups. And this type of trading gives me a lot more profit than trading in a ranging and choppy market (which now I avoid trading in).
  • #121,450
  • Dec 5, 2012 6:04am Dec 5, 2012 6:04am
Quoting Pinbar
I scalped EU but do not like the 365 on the FTB, closed it out.
who cares about ema`s ...the location is good

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  • #121,451
  • Dec 5, 2012 6:06am Dec 5, 2012 6:06am
Took partial profit and moved to BE.

I am not letting this pair catch me out again around this area like it did a about 8 months ago.
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  • #121,452
  • Dec 5, 2012 6:08am Dec 5, 2012 6:08am
Short off the daily and also scalped it on the M5.

A big sell order comes in, price then quickly revisits it to collect the remaining unfilled sell orders. Very simple trade.
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  • #121,453
  • Dec 5, 2012 6:08am Dec 5, 2012 6:08am
Quoting bullzeye
who cares about ema`s ...the location is good

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I do. I do not like trading into them, especially the 365.

in fact, I have a pending buy order on EUR/NZD right off the 150 EMA with the monthly level as confluence.
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  • #121,454
  • Dec 5, 2012 6:19am Dec 5, 2012 6:19am
Triangle or Head&Shoulder? it doesn't matter .The really matter thing is "break"，or not.
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A chart helps those who can read it.
  • #121,455
  • Dec 5, 2012 6:27am Dec 5, 2012 6:27am
Quoting geniusztc
Triangle or Head&Shoulder? it doesn't matter .The really matter thing is "break"，or not.
Yeah I had a feeling there would be some overnight shenanigans with my EJ short. Luckily the drawdown took place overnight!

I'm with you on GBPUSD.
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  • #121,456
  • Dec 5, 2012 6:52am Dec 5, 2012 6:52am
Bit of a stubby looking pin bar on the daily but looks like a nice rejection bar on this H4 feed.
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  • #121,457
  • Dec 5, 2012 7:23am Dec 5, 2012 7:23am
Quoting C-12
Bit of a stubby looking pin bar on the daily but looks like a nice rejection bar on this H4 feed.
Iam in this one as well. How far do you think it will go down? Iam afraid of the area around the day closing price of october 31st. Right now its bouncing off this area quite nicely. Iam thinking about getting out and realising my profits.
  • #121,458
  • Dec 5, 2012 7:25am Dec 5, 2012 7:25am
Quoting daveone
Iam in this one as well. How far do you think it will go down? Iam afraid of the area around the day closing price of november 1st. Right now its bouncing off this area quite nicely. Iam thinking about getting out and realising my profits.
You can certainly do that, or take 1/2 and leave the rest at BE?

I'm targetting blue line. This isn't a long term holder imo.
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  • #121,459
  • Dec 5, 2012 7:38am Dec 5, 2012 7:38am
Quoting C-12
You can certainly do that, or take 1/2 and leave the rest at BE?

I'm targetting blue line. This isn't a long term holder imo.

I basically have the same target. My TP is at 1.2852. Well, i might just stop staring at the charts and make myself go crazy about it.
  • #121,460
  • Dec 5, 2012 7:42am Dec 5, 2012 7:42am
Quoting daveone
I basically have the same target. My TP is at 1.2852. Well, i might just stop staring at the charts and make myself go crazy about it.
Yup can be quite stressful. How about managing all these positions.
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